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Math·Advanced Math·Nonlinear functions

hard

Marko purchased a camera in September 2017 when the camera had a value of $\$1,000$. Each month for the next 50 months, the value of the camera decreased by 3% of the previous month’s value. Which equation represents this situation, where $v$ is the value of the camera, in dollars, $m$ is the number of months since Marko purchased the camera, and $m\le 50$?

A

$v=2,017(0.97{)}^m$

B

$v=2,017(3{)}^m$

C

$v=1,000(0.97{)}^m$

D

$v=1,000(3{)}^m$